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Excluding those charges, income totaled $1.1 billion, or 81 cents per share, 5 cents more than the consensus of analysts surveyed by Thomson Financial.

The year-ago results - net income of $1.42 billion, or $1.05 per share - were boosted by a gain of 30 cents per share from a favorable tax adjustment.

"The quarter looked good overall," said pharmaceuticals analyst David Moscowitz of Friedman, Billings, Ramsey & Co.

"The company continues to lower its cost base, which is providing earnings leverage." Revenue rose 5 percent to $4.72 billion from $4.47 billion last year, driven by sales of severe-heartburn drug Protonix, Enbrel for rheumatoid arthritis and children's pneumococcal vaccine Prevnar.

Bernard Poussot, head of Wyeth's pharmaceutical operations, said pneumococcal infections in young children are down 94 percent since Prevnar was introduced in 2000.

He said sales of Wyeth's biological, or genetically engineered, drugs exceeded $1 billion for the first time.

Those include Enbrel and Prevnar, as well as hemophilia medicines BeneFIX and ReFacto.

"Wyeth is becoming one of the largest biotech companies in the world," and now is ranked No.

4, Poussot told The Associated Press in an interview.

Pharmaceuticals sales totaled $3.87 billion,...

Excluding those charges, income totaled $1.1 billion, or 81 cents per share, 5 cents more than the consensus of analysts surveyed by Thomson Financial.

The year-ago results - net income of $1.42 billion, or $1.05 per share - were boosted by a gain of 30 cents per share from a favorable tax adjustment.

"The quarter looked good overall," said pharmaceuticals analyst David Moscowitz of Friedman, Billings, Ramsey & Co.

"The company continues to lower its cost base, which is providing earnings leverage." Revenue rose 5 percent to $4.72 billion from $4.47 billion last year, driven by sales of severe-heartburn drug Protonix, Enbrel for rheumatoid arthritis and children's pneumococcal vaccine Prevnar.

Bernard Poussot, head of Wyeth's pharmaceutical operations, said pneumococcal infections in young children are down 94 percent since Prevnar was introduced in 2000.

He said sales of Wyeth's biological, or genetically engineered, drugs exceeded $1 billion for the first time.

Those include Enbrel and Prevnar, as well as hemophilia medicines BeneFIX and ReFacto.

"Wyeth is becoming one of the largest biotech companies in the world," and now is ranked No.

4, Poussot told The Associated Press in an interview.

Pharmaceuticals sales totaled $3.87 billion,...